Asset Report
Caspian Pipeline Consortium (CPC)
Report summary
The Caspian Pipeline Consortium (CPC) pipeline is the key export route for Kazakh liquids. It was commissioned in 2001 and a US$5.1 billion expansion project completed in 2018. Further capacity gains have been achieved thanks to a debottlenecking programme. The CPC runs across west Kazakhstan and Russia to a dedicated marine terminal at South Ozereika, near Novorossiisk on the Black Sea. Tankers deliver CPC blend volumes into the Mediterranean for regional refining or shipment to other ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Operator
-
Ownership structure
- Initial (1992-5)
- Current (1996 onwards)
- Historical participation changes
-
Development
-
Overview
- Pipeline
- Pump stations
- Access points
- South Ozereika marine terminal
-
Initial construction project (ICP, 1999-2003)
- Key dates
- Key work
-
CPC expansion (2011-18)
- Key dates
- Expansion overview
- Key work
-
CPC debottlenecking programme (DBNP, 2019-23)
- Key dates
- Debottlenecking overview
- Key work
-
Overview
-
Throughput
-
Capacity
- Total capacity
- Kazakh capacity
-
Throughput
- Recent data
- Key Kazakh shippers
-
Preferential capacity rights
- Chevron
- LUKOIL
- ExxonMobil
- Shell (including Rosneft-Shell)
- Eni
- NC KMG
- Transneft
- Throughput outlook
- Quality bank
- CPC blend
-
Capacity
-
Costs
-
Capital costs
- Initial construction project (ICP)
- Expansion project
- Debottlenecking programme
-
Financing
- Expansion project
- Shareholder loans
- Operating costs
-
Tariff
- Current
- Historical background
-
Capital costs
-
Fiscal and regulatory
- Corporate income tax (CIT)
- Depreciation
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Global Economic Model (GEM) file
- Oil price
- Economic analysis
Tables and charts
This report includes 15 images and tables including:
- Key facts: Table 1
- CPC pipeline map
- CPC route and pump stations
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Throughput: Table 1
- CPC throughput profile (Kazakh liquids)
- Participation: Table 1
- Costs: Table 1
- Costs: Table 2
What's included
This report contains:
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